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Two former business partners of Raphael Geminder aim to stop his acquisition of Pact Group, saying he misled shareholders; they believe Pact owes them a AU$30M earn out payment for selling their coat hangers, security tags business to Geminder in 2018
Published: March 18, 2024 by Australian (Abstracts)
Circular Plastics Australia (PET)--a JV between Pact Group, Cleanaway, Asahi Beverages, Coca-Cola--begins operations at new AU$50M PET bottle recycling plant in Victoria; plant will convert bottles into food-grade resin to make new bottles, food packaging
Published: December 15, 2023 by Pact Group Pty Ltd.
Pact Group issues update on Kin Group's takeover offer; Pact Group's independent board committee unanimously recommends that Pact shareholders accept a revised offer from Kin Group of AU$0.84/share, which is 24% higher than initial offer of AU$0.68/share
Published: December 11, 2023 by Pact Group Pty Ltd.
Pact Group completes sale of a 50% stake in its Crate Pooling business in Australia and New Zealand to Morrison & Co. for approximately AU$160M, with a further earn-out potential of AU$20M; business has been rebranded as Viscount Reuse
Published: December 01, 2023 by Pact Group Pty Ltd.
Pact Group welcomes regulatory reforms for packaging announced by Australia’s environment ministers; CEO says implementing design standards and mandating minimum recycled content quotas will turbo charge the circular economy, particularly for plastics
Published: November 10, 2023 by Pact Group Pty Ltd.

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